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Hot Topic Inc. Message Board

  • _DeliLama _DeliLama Jan 3, 2001 7:54 PM Flag

    congratulations on another great month

    YIKES!!!! Only 8.1% comps!!!! Everyone rush to
    sell your shares...

    ...to me. :-)

    I know
    that lots of people will view 8.1% as "bad" (what a
    riot!) compared with the high SSS numbers of the past.
    I'm waiting to see how the other retailers did in
    December.

    Part of the silliness of SSS comparisons is that it
    ignores the total level of sales. I'm very happy that Hot
    Topic was actually able to outdo the outstanding
    results of last year. I'll be very happy with low comps
    going forward given the extremely high sales per square
    foot we now have.

    DeliLama

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • going to use my ira Deli, it's not that i think
      the comps are bad, my employer would have killed for
      them! but i agree with another poster that there's
      opportunity for higher growth elsewhere; chcs's comps were up
      37%, and chbs's were up 12%, even with horrendous
      weather in the upper midwest. as you could probably judge
      from my earlier, somewhat disjointed post, SELLING a
      stock is my major problem in playing this game. hott's
      been wonderful to me, it's still an excellent company,
      i simply think there are better companies.
      for
      discussion purposes, i'm using my ira for short-term buying,
      my regular account for long term, for taxation
      considerations, i.e., all withdrawals from my ira will be taxed
      at the same rate, in my regular account i can aim
      towards long-term capital gains, and deduct my losses.
      any opinions?

    • Before I get to my point, I want to applaud Deli,
      Ed, et al, for the excellent commentary of late. I am
      unworthy, oh Wise Ones (or is that Wise
      Guys?)!

      Deli, I recall a conference call statement made a while
      back to the effect that HOTT is upsizing its smaller
      existing stores. These stores are then shifted back to the
      "new" store category for purposes of calculating SSS
      comparisons. I'm not sure I understand all of the accounting
      treatment or the number of stores involved, but it seems
      this process over the long run will continually boost
      SSS numbers by some incremental amount. Does anybody
      have a sense of how much this may help comps going
      forward? Given the small store base, even a small number
      of upgrades will help.

      BTW, weather has been
      awful in my neck of the woods this holiday sales
      season. It's just another basis for easier comps next
      year. :-)

      Mawchek

    • Wait untill you see the sales reports of other
      retailers. Hot Topic's 8.1% SSS will look outstanding
      compared with the others.

      It is going to be
      progressively harder for the establishment portfolio managers
      to ignore this stock with its continued high EPS
      growth rate, low PE, and the outstanding sales that keep
      getting recorded.

 

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